rssQE2 Coming?
Friday, October 08, 2010 at 5:48 pm
- 22 Comments
Today’s poor jobs report cements the fact that the recovery has stalled out and American workers are facing years, if not a decade, of sluggish wage growth and high unemployment. Therefore, there is new pressure for the Federal Reserve to try new measures to aid the recovery. The Washington Post’s Neil Irwin explains:
[T]here is now every reason to expect the Fed to announce new steps to try to bolster the economy at its policy meeting early next month.
Fed policy moves are never a done deal until they are announced, and there are lots of open questions around the exact approach the Fed will use to ease monetary policy further (though it will involve purchasing massive quantities of bonds). But with unemployment stuck at high levels and inflation coming in below the levels the Fed aims for, the train would seem to be leaving the station on new easing.
“Over the past five months, the private sector looks to have settled into a trend of weak job creation,” said J.P. Morgan Chase economist Michael Feroli. “if the mentality becomes entrenched that employment numbers like today’s are the norm, then an attitude of permanent malaise could enter into economic behavior. This is an outcome we believe the Fed would find unacceptable. For that reason, we see today’s employment report as only furthering the case for more asset purchase by the Fed.”
In central-bank lingo, such asset purchases are called “quantitative easing,” one of the methods monetary policymakers have to kick-start the economy when they cannot move interest rates any lower. The Federal Reserve prints new money, then purchases assets with it. Those asset purchases give cash to banks, and the hope is that banks then push that money out into the economy — lending it to businesses or homeowners, for instance. The Federal Reserve has already done a round of it, hence the phrase “QE2.”
Follow Annie Lowrey on Twitter
22 Comments
Pingback posted October 8, 2010 @ 6:07 pm
[...] This post was mentioned on Twitter by heather , WashIndependent. WashIndependent said: QE2 Coming? http://bit.ly/9wBAHo [...]
Comment posted October 9, 2010 @ 3:13 pm
Annie Lowrey–
Have you heard that States are IGNORING the new law in HR4213 that provides a 'fix' for people who worked part-time while getting unemployment benefits??
http://www.nelp.org/page/-/UI/2010/Final%20EUC%20Fix%20QA.pdf
The States are violating federal law!! Instead of keeping eligible people on their same EUC weekly benefit amount…..the States are pretending that they don't know about the new law.
People's benefits are going down by more than $100/25% and they are losing the $25/wk FAC–and no one is helping them. This is terrible!! Please cover this story. This is important and it's big news.
Comment posted October 10, 2010 @ 3:41 am
NY Fed Chief's speech late last month probably confirms that the Fed will announce a new round of QE, probably when the FOMC meets in early Nov.
Unemployment is stuck near 10% and jobs continue to disappear. With excess bank reserves at $1 trillion, several hundred billion more in cash sloshing around the system will do little to pump up growth, but it may inflate the commodity market and weaken the dollar.
Charles
http://www.economy-tomorrow.com
Comment posted October 10, 2010 @ 7:52 pm
AMERICA UNDER CREDITO’S THUMB! China, Japan, Israel, The Dollar and NAFTA
[America under Creditor’s Thumb]
Now, we have been reading the sites (www.NYTimes.Com.) and its article entitled [China Emerges as a Scapegoat in Campaign Advertisements], and (www.Haaretz.Com) [Dollar nosedives to [NIS] New Israeli Shekel [€1.26/$1.00/NIS3.59] as Fischer buys [€515M/$650M/NIS2333.5M] millionrex trading turns into an all-out global war.] Which, at first glance which at first glance appeared not to have anything in common but after a nights sleeps the two unrelated articles pretty much on the same page. The Dollar is doing a Titanic it is breaking apart and beginning its plunge into the abyss, there can be no doubt about this fact, the American-Israeli Military Industrial Complex is in debt not up to its ears its in over its head and the credit card is about to be cut. The Israeli government now controls [55%] Fifty-five percent of the elected officials in the government thru [AIPAC/AZC] the American Israeli Political Action Committee/American Zionist Committe with [300] Three-hundred of the elected Court Clown, officials signed unto the [Special Relationship] Pact, and Rick Sanchez spoke the truth that in fact [AIPAC/AZC] does control the media of the Complex, and now represent the [3rd] of the top [3] three countries to which the Complex is indebted too, an all together whatever the man in the White House wants from Israel or any leverage that the guy taught he had does not exist, Israel can pretty much now call the shots, new fighter planes for Israel no problem, stop the expansion into the western bank not going to happen, what ever Israel needs or wants or does not want to happen, now is pretty much going to happen the way Israeli wants it to happen, that is what happens when your in debt over your head, your under the thumb and control of those your in debt to.
[The Blame Game]
So, just who are the Kings Court in Washington, D.C. [District of Clowns] now blaming for the pickle there in well the very same people that they are in debt to, it’s the other guys fault for lending us the money, they are loan sharks, we were duped. Well just who duped who, where was the individuals who signed on to [NAFTA] the North American Free Trade Agreement, that Bubba Clinton came up with it was not much of a wind fall profit for the American-Israeli Military Industrial Complex beyond Israel which took control of the steering wheel of a car that out of control, but a large break for China, India, Japan, Mexico, Pakistan and any other country with cheat labor. It’s a regular turn the tables it wasn’t our fault it was theirs, we didn’t ship the jobs overseas it was the companies, were just the government, we didn’t twist their arms and force them to purchase the low interest rate Federal Reserve Notes that we put on the market, they were the ones who freely purchased them.
[Who closed Detroit down?]
You have got to be kidding, just who is then responsible for closing Detroit Down, our number [1-2 or 3] One-two- or Three Creditor, China, Japan or Israeli, its true that Japan is now the new Detroit, along with Canada [Ford], but just who allowed the whole thing to happen, maybe the Unions with excessive wages and benefits, maybe poor workmanship, maybe poor government oversight, maybe [NAFTA] or maybe it was the whole package, but what ever the total effect is they still closed Detroit down and that’s a done deal. We can go thru a whole list of companies from typewriters, cars, washing machine and dryers, and the computer your reading this on all not made in the [USA] unless your talking about that not so little industrial town in Japan named USA. And, now the Washington, D. C. [District of Clowns] Royal Court and their jester King want to blame the other guy, when they unbutton their pants, dropped them, and placed the other guys hand on their short hairs, you have got too be kidding.
HERCULE TRIATHLON SAVINIEN
Comment posted October 19, 2010 @ 12:27 am
Don't buy too many clothes when discounted season comes Be attracted by the lower price, many women buy a pile of clothes in the discounted season,no matter if they really needs them.but many of the clothes will be layed in your wardrobe forever.In fact, this is because women don't really know what they need. women should think of their needs at the beginning of the season,list them on the paper,buy some cheaper one according to your economic conditions,when the discounted season comes,buy the classic style which can't out of fashion in some years,for example,a Arc'teryx orChristian Louboutin overcoat, a Christian Louboutin Sale or (5) dress,a pair of Jimmy Choo or (3) shoes, moncler or manolo blahnik trousers, buy one you need,don't be confused by the lower price on the clothes you don't really need.
Comment posted November 13, 2010 @ 3:31 am
[T]here is now every reason to expect the Fed to announce new steps to try to bolster the economy at its policy meeting early next month.
Trackback posted August 22, 2011 @ 3:22 am
Superb website…
[...]always a big fan of linking to bloggers that I love but don’t get a lot of link love from[...]…
Trackback posted August 22, 2011 @ 6:53 pm
backyard water features…
[...]while the sites we link to below are completely unrelated to ours, we think they are worth a read, so have a look[...]…
Trackback posted August 24, 2011 @ 10:40 pm
magnets magnetset quote…
[...]below you’ll find the link to some sites that we think you should visit[...]…
Trackback posted August 25, 2011 @ 4:14 pm
duffle bag black…
[...]below you’ll find the link to some sites that we think you should visit[...]…
Trackback posted August 31, 2011 @ 4:30 am
Miss America 2011…
[...]right here are a handful of listings to places which I connect to seeing as we believe these are really worth visiting[...]…
Trackback posted September 1, 2011 @ 3:19 am
Prawn Vegetable Salad…
[...]while the sites we link to below are completely unrelated to ours, we think they are worth a read, so have a look[...]…
Trackback posted September 1, 2011 @ 10:42 pm
Clubpenguin…
[...]these are a handful of links to web-sites that we connect to since we believe they will be worthwhile visiting[...]…
Trackback posted September 4, 2011 @ 2:13 pm
Best ecommerce web design company…
[...]you’ll find some great link to sites below, have a quick visit[...]…
Trackback posted September 5, 2011 @ 1:22 am
free strategy games…
[...]the time to read or visit the content or sites we have linked to below the[...]…
Trackback posted September 6, 2011 @ 5:06 pm
Stop sweating…
[...]take some time out from reading our articles to check out these other great sites[...]…
Trackback posted September 6, 2011 @ 10:20 pm
Getting A Perfect Vision…
[...]below arе interesting sites for yоur furthеr reading[...]…
Trackback posted September 7, 2011 @ 1:39 am
Eye Heath While Lot of Time On Computer…
[...]below аre sites this gеtѕ our love[...]…
Trackback posted September 7, 2011 @ 2:38 am
Miss America 2011…
[...]below are a couple of listings to web-sites we link to because we believe they’re seriously worth browsing[...]…
RSS feed for comments on this post.
Sorry, the comment form is closed at this time.
